Check out these premarket movers:

Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand.

Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker missed both top and bottom line estimates for its latest quarter. Novavax sold 31 million Covid-19 doses in the last quarter. This is well below the projected pace of 2 billion shots by 2022. Novavax reiterated their 2022 revenue forecasts, but stated that it anticipated vaccine sales to rise in the current quarter.

Vroom (VRM) – Vroom surged 38% in premarket trading after the online used-vehicle seller posted a smaller than expected quarterly loss and revenue that exceeded analyst estimates. Vroom announced the appointment of Thomas Shortt as chief operating officer, succeeding Paul Hennessey. The restructuring will also see Vroom eliminate approximately 270 positions.

Biohaven Pharmaceutical (BHVN) – The migraine drugmaker agreed to be bought by PfizerThe deal was worth $11.6 million and saw the shares rise 72% in premarket. Biohaven shareholders will be paid $148.50 each in cash and half of a share in the new public company, which will have some Biohaven drug development stocks. Pfizer’s 2.6% stake in Biohaven before the announcement fell to 1.4%.

Aramark (ARMK) – The food services company’s shares gained 2.3% in the premarket, following news that it would separate its uniform services unit into a separate company. Aramark’s quarterly profit matched expectations, and the company reported revenue which was above consensus.

Edgewell Personal Care (EPC) – The maker of personal care products like Schick razors and Edge shaving cream fell 6 cents a share shy of estimates, with quarterly earnings of 50 cents per share. Edgewell raised its year-end sales guidance, but decreased its earnings guidance due to inflationary pressures.

Norwegian Cruise Line (NCLH) – Norwegian shares added 1.6% in premarket trading after saying bookings were now exceeding pre-pandemic levels. Analysts expected a loss of $1.53 per share in Norwegian quarterly trading. Norwegian posted a loss of $1.82 per Share.

Upstart (UPST) – Upstart plummeted 51.2% in the premarket despite better-than-expected quarterly results. According to the AI-powered lending platform, Upstart’s outlook has been cut. The current macroeconomic conditions are likely to have an adverse impact on loan volumes.

AMC Entertainment (AMC) – AMC rallied 6.8% in the premarket after reporting a smaller than expected quarterly loss as well as revenue that exceeded analyst forecasts. AMC was helped in part by “The Batman”, a big-budget movie that has seen a surge in per-patron revenues above the pre-pandemic level.

Trex (TREX) – Trex gained 3.3% in premarket action after the maker of outdoor decking and railing materials reported better-than-expected quarterly results. Trex has continued to profit from the high demand from customers looking to renovate their backyard spaces.